Diamond Hill Capital Management LLC Investment Advisor Invests $68.55 Million in CubeSmart $CUBE

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,723,722 shares of the real estate investment trust’s stock, valued at approximately $68,552,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.77% of CubeSmart as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in CubeSmart by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 269 shares in the last quarter. Fifth Third Bancorp boosted its holdings in CubeSmart by 12.5% in the 1st quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 289 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in CubeSmart by 15.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 295 shares during the period. Finally, Pacific Sun Financial Corp increased its position in CubeSmart by 6.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 310 shares during the period. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group raised their price target on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Wells Fargo & Company upped their price objective on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, Raymond James Financial started coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.50.

CubeSmart Trading Up 0.1%

Shares of CubeSmart stock opened at $41.54 on Monday. The company has a 50-day moving average of $41.13 and a two-hundred day moving average of $39.74. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The stock has a market cap of $9.35 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 6.82 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $286.49 million for the quarter, compared to analysts’ expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.CubeSmart’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, research analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.1%. CubeSmart’s dividend payout ratio is 146.21%.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.